Bitcoin / Euro may fall to 49930 - 50370

52040 is our pivot point.

Our preference

Target 49930.

Alternative scenario

The upside breakout of 52040, would call for 52780 and 53220.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (51700) but above its 50 period moving average (51176).

Supports and resistances

53220 **

52780 *

52040 **

51750

51319 last

50370

49930 **

49490 *

49050 **

Number of asterisks represents the strength of support and resistance levels.